The Bear Lake Gold Ltd
Acquisition, exploration & development of mineral properties in North America.
Message: Continued Success and More High-Grade Gold Intercepts at its Bear Lake Gold Zone
| May 15, 2009 |
| Bear Lake Gold Announces Continued Success and More High-Grade Gold Intercepts at its Bear Lake Gold Zone |
| LONGUEUIL, QUEBEC--(Marketwire - May 15, 2009) - Hole #44W2 intersected 8.5 meters grading 10.6 g/t Au Hole #64 cuts 5.1 meters grading 9.9 g/t gold plus 2.5 meters grading 10.0 g/t gold Bear Lake Gold Ltd. ("Bear Lake Gold") (TSX VENTURE:BLG) is pleased to announced additional results from the infill drilling program on its 100% owned Bear Lake gold zone of the Larder Lake Project, located in north eastern Ontario. - Hole #44W2 intersected, at a vertical depth of 650 meters, an 8.5 meter section of carbonate-type mineralization grading 10.6 g/t gold, including 3.5 meters at a grade of 18.3 g/t gold and a second carbonate-type zone intercept of 1.5 meter, grading 8.5 g/t gold. - Hole #64 intersected, at a vertical depth of 500 meters, a 5.1 meter section of carbonate- type mineralization grading 9.9 g/t gold, including 2.3 meters which yielded 14.9 g/t gold. - Hole #64 also cut, at a vertical depth of 575 meters, 5.0 meters of flow-type mineralization assaying 5.4 g/t gold, including 2.5 meters grading 10.0 g/t gold. "The infill drilling program at Bear Lake continues to successfully define the high grade portion of the deposit," said Francois Viens, President and CEO of Bear Lake Gold. "Results obtained to date confirm our interpretation that both high grade and lower grade mineralized zones are located within a wide alteration zone. These results are part of our work to complete, as planned, a NI 43-101 compliant mineral resource estimate this summer." Hole #44W2 is part of the program to wedge and deepen holes previously stopped short by broken ground associated with a fault zone, located about half way between the carbonate and flow-type mineralized zones that make up the Bear Lake gold deposits. This hole was successfully extended and crossed the broken ground area but was stopped due to technical problems. It will be completed at a later date. However, the intersection of 8.5 meters of carbonate mineralization, grading 10.6 g/t gold, confirms the presence of higher grade shoots within the large and broad zone of alteration and gold mineralization. Hole #64 was drilled as part of the in-fill program designed to reduce hole spacing and increase our confidence in one of the higher grade gold zone within the heart of the Bear Lake zone. Bear Lake Gold's objective is to complete a compliant with NI 43-101 mineral resource estimate in the summer of 2009. Link to flow-type mineralization diagram is available at the following address: http://www.bearlakegold.com/i/pdf/Fl... . Link to carb-type mineralization diagram is available at the following address: http://www.bearlakegold.com/i/pdf/Ca... . Other new intercepts reported in this news release include hole #63, which intersected 5.0 meters of carbonate-type mineralization grading 1.0 g/t gold and 8.6 meters of flow-type mineralization, which assayed 1.1 g/t gold. Hole #63 provided a second intersection of the carbonate-type zone returning 1.1 g/t gold over 5.5 meters. These intercepts are within a lower grade part of the mineralized zone and are located at a vertical depth of 600 meters. These new gold intersections confirm that the large gold mineralized system identified at Bear Lake includes both high-grade and low-grade mineralized shoots, similar to the ore zone setting at the former Kerr Addison Mine, located 5 km to the east and that tighter drilling is necessary to establish the full extent of the high-grade gold. Link to complete assay results to date from the Bear Lake Area as at May 19, 2009 is available at the following address: http://www.bearlakegold.com/i/pdf/As... . Project Update Three drill rigs are currently working at Larder Lake on the infill drilling of the higher-grade portion of the Bear Lake zone between depths of 400 to 800 meters. Since drilling started in March 2007, more than 49,000 meters of diamond drilling have been completed at Larder Lake. Work is on-going to complete an initial mineral resource estimate and a NI 43-101 compliant technical report on the Bear Lake zone during the summer of 2009. Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) has been selected to assist Bear Lake Gold in the evaluation of the Bear Lake zone. Quality Assurance and Control As part of its QA/QC program, Bear Lake Gold carried out check assays on the high-grade intersections, with no significant discrepancies found in the assay results. The assays reported are the uncut average grades of all determinations from the same samples. The analytical method for gold is one (1) assay-ton fire assay, with gravimetric finish on all samples. All assays reporting over 2 g/t gold are automatically re-checked using the rejects. Assaying is done at Polymet Labs in Cobalt, Ontario. The quality control process includes inserting blank samples and certified standards within each batch sent to the laboratory. Qualified Person The technical content of the information contained in this news release was reviewed and approved by Mr. Bernard Boily, P. Geo., and Bear Lake Gold's Vice President of Exploration. He is responsible for supervising the drilling program and is a qualified person under National Instrument 43-101. |
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